I would love to charge $30/day, I am just worried I will have a hard time finding families if all of the other local daycares are $25/day (even if they are illegal). Being a small town there isn't as much of a range. I am going to ask around more to see if there are any higher ones around (and legal ones).
I am thinking in my area $28/day might be the most realistic pricing.

Time to be an open book... let me know your thoughts:

My mortgage is $252 biweekly and my property taxes are $84 biweekly, which is $728/month if you multiply out by 26 payments/year and divide by 12 months.

My utilities are on equal payment plans for Hydro and Natural gas:
$115/month for Hydro
$95/month for Gas
Water works out to be about $75/month (billed every other month and is usually $130-150 depending how much we are home)
We do not have cable TV or Satellite.
We do Netflix if we watch TV, which is $7.99/month.
Insurance for the house right now is $65/month but will go up $11/month to cover 4 children in my care (as quoted by my current insurance company at $33/child per year)
Insurance for my car is $105/month
My car payment is a big ticket item at $450/month (2011 Ford Explorer)
My current grocery budget is $400/month but will be increased to $650/month (I shop sales, price match as much as possible and get points for free groceries, which I average $20-$30/month of free groceries)
Currently I spend about $100 a month at walmart on kid supplies (Crafts, misc fun items)
YMCA membership $80/month (assistance program based on my current income, this may go down a bit once I am making less money doing the daycare)
Cell phone is $95/month
Landline and Internet bundle is $91/month ($82 without the landline, so I keep it as an emergency line)
I have $350/month in debt repayments
I have $100/month I budget to put in savings.
$200/month for taxes and CPP fund? (I'll only make about $26,880/yr daycare income and that is the whole household income amount)
$200 misc fund for the little extras that come up (school book fairs, new shoes, etc.)
I am thinking about getting Blue Cross coverage for benefits - quoted at $125/month for base coverage which includes dental

=3642/month (if my math in my head is right)


$28 x 4 children full time = $560/week
If I base my totals on months being 4 weeks: $2240/month
CTB = $200/month
UCCB = $120 (starting in July)
Child Support and Foster Income (prefer not to disclose the exact amounts of these ones)

Total Income = Approx. $4000/month
(which gives me a bit of cushion for when I go over budget... unless I missed something, which I probably did)